Archive for the 'Economy' Category
Secret Organic Gardens for China’s Elite
March 15th, 2012Via: Los Angeles Times: At a glance, it is clear this is no run-of-the-mill farm: A 6-foot spiked fence hems the meticulously planted vegetables and security guards control a cantilevered gate that glides open only to select cars. “It is for officials only. They produce organic vegetables, peppers, onions, beans, cauliflowers, but they don’t sell […]
US, EU and Japan Challenge China on Rare Earths at WTO
March 14th, 2012Via: BBC: The US, Japan and the European Union have filed a case against China at the World Trade Organization, challenging its restrictions on rare earth exports. US President Barack Obama accused China of breaking agreed trade rules as he announced the case at the White House. Beijing has set quotas for exports of rare […]
Spain Has ‘Worse Problems Than Greece’
March 14th, 2012Via: CNBC: Spain’s eye-wateringly high unemployment and the collapse of its real estate market mean that Spain has significantly worse problems than Greece and could threaten the euro zone’s new-found, albeit fragile stability, an analyst told CNBC.com Tuesday. “Spain has very large downside risks and it needs to tread very carefully – Spain is in […]
Surreal Situation in U.S. Post Office
March 14th, 2012My dad went to his local post office to mail me some CDs that I had forgotten to pack when I left the U.S. back in 2006. He said that a bunch of other “old farts” in the post office were also sending packages to their children and grandchildren who were living overseas. He overhead […]
And Now… Homeless People Used as Wi-Fi Hotspots
March 12th, 2012Via: BuzzFeed: At SXSW, the annual tech startup conference in Austin, 13 homeless men are hanging around the conference center wearing white shirts that say “I’m _____, a 4G hotspot.” Each is carrying a wireless internet device, and for a PayPal donation, will provide conference-goers with internet access for as long as they want. . […]
DARPA Director Quits Pentagon for Job at Google
March 12th, 2012So, no, she’s not in jail yet. Via: Wired: Darpa director Regina Dugan will soon be stepping down from her position atop the Pentagon’s premiere research shop to take a job with Google. Dugan, whose controversial tenure at the agency lasted just under three years, was “offered and accepted at senior executive position” with the […]
65-Year-Old California Man Arrested for Distributing Raw Milk and Tortured in L.A. County Jail: ‘I Thought I Was Gonna Die in There’
March 12th, 2012Update: Raw Milk Vending Machine in France Via: YouTube: —End Update— Via: Natural News: NaturalNews can now report that 65-year-old senior citizen James Stewart, a raw milk farmer with no criminal history, was nearly tortured to death in the LA County jail this past week. He survived a “week of torturous Hell” at the hands […]
U.S. Funded, Trained and Equipped Afghan Air Force Running Guns and Drugs
March 10th, 2012Here are a few related posts to consider: Afghan Opium Production Rises by 61% Compared with 2010 Brother of Afghan Leader Is Said to Be on CIA Payroll U.S.-Built Bridge is Windfall for Illegal Afghan Drug Trade The Invisible Hand of the Market: British Troops Seize £50 Million of Afghan Opium Officials Puzzle Over Millions […]
Moody’s: Greece Has Defaulted
March 10th, 2012Via: Reuters: Moody’s Investors Service says that it considers Greece to have defaulted per Moody’s default definitions further to the conclusion of an exchange of EUR177 billion of Greece’s debt that is governed by Greek law for bonds issued by the Greek government, GDP-linked securities, European Financial Stability Facility (EFSF) notes. Foreign-law bonds are eligible […]
Fitch Ratings: Greece Downgraded to ‘Restricted Default’
March 9th, 2012Via: Fitch Ratings: Fitch Ratings has downgraded Greece’s Long-term foreign and local currency Issuer Default Ratings (IDRs) to ‘RD’ (‘Restricted Default’) from ‘C’ following today’s confirmation from the Greek government and eurozone officials that the exchange of Greek government bonds will proceed. The downgrade to ‘RD’ reflects Fitch’s previous commentary that the exchange would constitute […]
